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Dec 5, 2012
12/12
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>> yes, do i. >> so no agreement on fiscal cliff, no agreement on debt ceiling, no agreement on this either? >> that's because they are obstructionists. they've turned the win into a partisan political instrument. they've turned the weather into a partisan political instrument. we have a solution to thisç 37e have introduced a discharge petition. we think that we shouldn't be holding the middle class hostage. everyone agrees the first $250,000 in income should receive a tax increase. i believe it should be higher in some areas like long island. but i'm not telling to tell somebody making $130,000 won't get a tax cut until somebody at $300,000 gets theirs. let's just vote today, tomorrow o a bill to give people a tax cut up to the $250,000, we offered a discharge petition. we need 40 republicans to sign that petition, get this out to a vote, put brakes on going over the cliff. >> congressman, thank you. >>> next, hillary can, but will she? stay with us. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own w
>> yes, do i. >> so no agreement on fiscal cliff, no agreement on debt ceiling, no agreement on this either? >> that's because they are obstructionists. they've turned the win into a partisan political instrument. they've turned the weather into a partisan political instrument. we have a solution to thisç 37e have introduced a discharge petition. we think that we shouldn't be holding the middle class hostage. everyone agrees the first $250,000 in income should receive a tax...
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Dec 29, 2012
12/12
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FBC
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so the first three months of the year you have fiscal cliff, debt limit, and appropriations laps all staring the american people in the face. i get it that people are sick of this combat at the same time it is because we ave such an nasa's spending problem is the reason why these things are occurring the way they are. tom: you heard the president come out and talk to the white house press corps. he talked about maintain a middle-class tax cuts. he did not define what that is. maybe it to 50 might be 40500. extend unemployment benefits and the spending cuts will get to those letters. >> here is what is so ironic, the same democrats in 2001 and three railed against the bush tax cuts. now see some salvation in them because they are what is propping up the economy right now. beyond the ironic part of this, look, not only do you have that tax policy expiring and the sequestration pending on january 2nd, but we have also got a lot of taxes kicking in january 1st which will pack a mighty big wallop. this is the perfect trifecta of bad things happening to the economy all at once. no one is t
so the first three months of the year you have fiscal cliff, debt limit, and appropriations laps all staring the american people in the face. i get it that people are sick of this combat at the same time it is because we ave such an nasa's spending problem is the reason why these things are occurring the way they are. tom: you heard the president come out and talk to the white house press corps. he talked about maintain a middle-class tax cuts. he did not define what that is. maybe it to 50...
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Dec 6, 2012
12/12
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that game. >> tonight, democratic whip steny hoyer gives me the latest fiscal cliff developments and the democratic line on medicare. tom perriello from the center of american progress action fund on how democrats can deal with republicans who can't deal with reality. rubio and ryan reload with a new message for the middle class. >> both parties tend to divide americans into our voters and their voters. >> but there is no escaping their own policies. >> we're going to a majority of takers versus makers in america. >> dnc chair debbie wasserman schultz responds tonight. plus, senator barbara boxer on her new plan for national polling place standards. and a new poll shows half of all republicans think the defunct group a.c.o.r.n. stole the election from president obama. >> that's an eye opener. >> i wonder where they ever got that idea? >> you just have to wait and see what happens. >>> good to have you with us tonight, folks. thanks for watching. here is are the latest. republicans are at a stalemate with the white house for debt negotiations. republicans really only have two options
that game. >> tonight, democratic whip steny hoyer gives me the latest fiscal cliff developments and the democratic line on medicare. tom perriello from the center of american progress action fund on how democrats can deal with republicans who can't deal with reality. rubio and ryan reload with a new message for the middle class. >> both parties tend to divide americans into our voters and their voters. >> but there is no escaping their own policies. >> we're going to a...
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Dec 12, 2012
12/12
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>> because if you think the fiscal cliff is fun, you'll love the debt ceiling. the economic havoc that is wreaked by the fiscal cliff is a very gradual thing, as you and have i discussed. going over it is a mistake. we shouldn't do it. but at least initially, if we can reverse it, it won't be so bad. if you default on the nation's debt on our treasury bills, that's not a fiscal slope. that's a cataclysmic economic event. not only are you stiffing creditors who believe they have invested in the safest debt in the universe, you're actually threatening to have to raise our interest rates through the roof in order to service our debt, which means absolutely a long-term recession. it's really quite a fatal step. >> "the wall street journal's" reporting that the white house is willing to do corporate tax reform in their new proposal. what do you think than in what do you think that might mean? >> i think it's a neat idea. the white house is actually articulated a fairly detailed corporate tax idea in a white paper that didn't get enough attention a few years ago. and
>> because if you think the fiscal cliff is fun, you'll love the debt ceiling. the economic havoc that is wreaked by the fiscal cliff is a very gradual thing, as you and have i discussed. going over it is a mistake. we shouldn't do it. but at least initially, if we can reverse it, it won't be so bad. if you default on the nation's debt on our treasury bills, that's not a fiscal slope. that's a cataclysmic economic event. not only are you stiffing creditors who believe they have invested...
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Nov 29, 2012
11/12
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FBC
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john boehner said no substantial progress on fiscal cliff debt deal while harry reid insists we democrats are on track and will finalize it this year. even chuck schumer weighed in saying progress is being made on the hill and the next is a taste oversensitive. take a look at the intraday, you can see how it was jerked around today. right around 11:30 a.m., speaker john maye -- john boehner spoke. the buyers poured in, the short time later chuck schumer came in. now we are trading near the highs of the day. the dow jones dust they stop 77 points, 45 to the upside. all 10 s. and p. sectors are jumping with technologies leading the way. research in motion a big winner. can you believe the stock is near $12 per share. rim was at $6 per share, but positive comments out of goldman sachs fueling the game. apple in the green continuing the postelection resurgence. apple was in bear market correction level just a few weeks ago, but right now jumping about 1%. disappointing november sales numbers. costs dropping 6%, tiffany got a markdown, earnings missed street estimates. and then there is aeropo
john boehner said no substantial progress on fiscal cliff debt deal while harry reid insists we democrats are on track and will finalize it this year. even chuck schumer weighed in saying progress is being made on the hill and the next is a taste oversensitive. take a look at the intraday, you can see how it was jerked around today. right around 11:30 a.m., speaker john maye -- john boehner spoke. the buyers poured in, the short time later chuck schumer came in. now we are trading near the...
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Nov 28, 2012
11/12
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voicing his optimism they could reach a deal with the white house and avoiddthe fiscal cliff. looking at the oneesentence in that one word, optimism. >> that is right, with the president's remarks that he would like to see framework to avoid the fiscal cliff by christmas. sitting treasury debt up to capitol hill tomorrow to meet with congressional leaders, democrats and republicans. in the meantime the president keeping up the pressure on republicans from here to extend expiring tax cuts for middle-class taxpayers, but let them expire for wealthier taxpayers. take a listen. >> the place where we already have and three complete agreement right now is on middle-class taxes. as i have said before, we have two choices. if congress does nothing, every family in america will see the taxes automatically go up the beginning of next year. >> as we have been reporting all day, the president set to meet with a bunch of ceos of major corporate leaders here that will probably start wondering about 90 minutes to get underway around 4:45 here at the white house, 14 of them showing up includi
voicing his optimism they could reach a deal with the white house and avoiddthe fiscal cliff. looking at the oneesentence in that one word, optimism. >> that is right, with the president's remarks that he would like to see framework to avoid the fiscal cliff by christmas. sitting treasury debt up to capitol hill tomorrow to meet with congressional leaders, democrats and republicans. in the meantime the president keeping up the pressure on republicans from here to extend expiring tax cuts...
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Dec 31, 2012
12/12
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the perfect storm fiscal cliff debt ceiling. what is the debt ceiling? >> we are only allowed to borrow so much without asking congress. every time the president wants more money you have to go to congress to ask for more money. you have to have the people elected approve spending increases. 16 trillion in debt we are bumping our head on the debt ceiling right this menu. when you look at how much we are spending we are similar to spain and greece. it is not a pretty scenario. >> tell me this what happens when we judge up against it? >> everybody starts wondering when we are going to raise the debt ceiling. there's a debate because they don't like to. then you have all of wall street looking at this wondering if we will be able to pay our bills. you remember what happened last time around the market sold off 2,000 points over the 2 month period. it was dramatic and hurt people's 401 k's. if you can't pay your bills you get a downgrade. >> again. >> it's not going to be good news. you know what happens you can't borrow as much money. >> that's what happens
the perfect storm fiscal cliff debt ceiling. what is the debt ceiling? >> we are only allowed to borrow so much without asking congress. every time the president wants more money you have to go to congress to ask for more money. you have to have the people elected approve spending increases. 16 trillion in debt we are bumping our head on the debt ceiling right this menu. when you look at how much we are spending we are similar to spain and greece. it is not a pretty scenario. >>...
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Dec 29, 2012
12/12
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cliff, and the debt e creeling that tim geithner said that we would have to raise any day now, and is this the next couple of months in terms of the debate? does the white house have a strategy of dealing with both in the next phase? >> well, they are quite clear that there's probably just too much at this point to put that in this initial package and specifically the debt ceiling, and saying there is no way to address that right now. they know that is the next big hurdle they are going to have to face once they deal with the immediate issue of the tax hikes and spending cuts, so i believe that you are absolutely right. in terms of the strategy f they have one, they have not revealed the details about that quite yet. president obama today, and what i thought was interesting is using the power of the bully pulpit to put pressure on congress to get this basic deal done that he is calling for, and richard, one of the things that he said at the end of the remarks is that essentially this is not how the american people do business and just to remind you that ordinary folks meet their deadl
cliff, and the debt e creeling that tim geithner said that we would have to raise any day now, and is this the next couple of months in terms of the debate? does the white house have a strategy of dealing with both in the next phase? >> well, they are quite clear that there's probably just too much at this point to put that in this initial package and specifically the debt ceiling, and saying there is no way to address that right now. they know that is the next big hurdle they are going...
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Dec 27, 2012
12/12
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we have fiscal cliff and debt ceiling fears. that's driving that. how do you invest now? we are about to ask a top money manager. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ and the next great idea could be yours. well, if itmr. margin?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. when the doctor told me that i could smoke for the first week... i'm like...yeah, o
we have fiscal cliff and debt ceiling fears. that's driving that. how do you invest now? we are about to ask a top money manager. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be...
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Dec 27, 2012
12/12
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the fiscal cliff. we have to get to next without a self-inflicted recession and take on the debt ceiling which a symptom of the national debt. if we can deal with the national debt, we can get a deal on the debt ceiling. but that is a lot of work. gerri: the war of words going on is not helping. harry reid saying it is republicans fault and somebody from boehner's office said harry reid has to talk less and legislate more. it is comical. it is simply comical what is going on. does it surprise you? >> sadly it does not surprise me too much. the truth is this. there has to be a bargain struck and not a good way to bargain to demonize the people you'll be sitting at the table with. harry reid called a speaker john boehner a dictator. republicans have fought that, they are not innocent in this. timtime to take down the verbal warfare and cut a deal sparing the fallout of the fiscal cliff. gerri: can we get anything with any meaning before the end of the year? >> not get your hopes up on a big deal on the d
the fiscal cliff. we have to get to next without a self-inflicted recession and take on the debt ceiling which a symptom of the national debt. if we can deal with the national debt, we can get a deal on the debt ceiling. but that is a lot of work. gerri: the war of words going on is not helping. harry reid saying it is republicans fault and somebody from boehner's office said harry reid has to talk less and legislate more. it is comical. it is simply comical what is going on. does it surprise...
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Dec 6, 2012
12/12
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one we're lamely calling the fiscal cliff. the way republicans in congress and the president solved the debt ceiling crisis was to build this cliff, that we're now supposedly dangling off of. they invented this deadline we're up against. the debt ceiling fight was a disaster, and now republicans, surprise, want to have that fight again. "the new york times" reports that one idea bouncing around the right side of the aisle is this. the republicans will extend tax cuts for the middle class, and then when they need to raise the debt ceiling, quote, demand deep concessions on medicare and social security as a price to raise the debt ceiling. one republican senator reportedly called the debt ceiling the line in the stand. the odds are pretty close to zero that we mint a $1 trillion coin in order to pay off some of the debt. but there's striking movement in the direction of changing the rules so we don't ever have to fight over this completely unnecessary issue ever again. remember, this is important. the debt ceiling isn't about in
one we're lamely calling the fiscal cliff. the way republicans in congress and the president solved the debt ceiling crisis was to build this cliff, that we're now supposedly dangling off of. they invented this deadline we're up against. the debt ceiling fight was a disaster, and now republicans, surprise, want to have that fight again. "the new york times" reports that one idea bouncing around the right side of the aisle is this. the republicans will extend tax cuts for the middle...
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Dec 27, 2012
12/12
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the debt showdown last summer is what led to the fiscal cliff we're facing right now. just one more complication or bargaining chip. remind us, you're the best at putting this in perspective. remind us why the debt ceiling is just as important as the fiscal cliff. >> let me take you back a little while. to the conversation about the bun ji jump. here's the problem. confidence doesn't react to a bun ji jump. if you stole my phone and then i got it back from you, it would take that time before i develop that trust wp we saw the consumer confidence numbers come out and they have taken a big hit because consumers are worried about the fiscal cliff. the investing side is our debt raiting, you'll recall the last time we messed around with the debt ceiling, we got kicked down a notch. so if we are seen to be so irresponsible we would do this again and get past our debt limit, the world may sit there and say you're not that good. maybe americans are irresponsible with their money. we hit the debt limit on money. we have known that was coming. the treasury secretary reenforced
the debt showdown last summer is what led to the fiscal cliff we're facing right now. just one more complication or bargaining chip. remind us, you're the best at putting this in perspective. remind us why the debt ceiling is just as important as the fiscal cliff. >> let me take you back a little while. to the conversation about the bun ji jump. here's the problem. confidence doesn't react to a bun ji jump. if you stole my phone and then i got it back from you, it would take that time...
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Dec 30, 2012
12/12
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rosen berg, with the fiscal cliff blooming, do you believe the i.r.s. will be able to calibrate their system at this late of a date and would the debt ceiling debate blooming, could that delay federal refunds? thank you. guest: yes. the question about the i.r.s. is a good one and it is an important one. so it almost is certainly bound to complicate the filing season. i think already the i.r.s. has said that they are -- they have not released updated withholding tables for winner to. -- 2013. what that means is employers will use the withholding tables for federal income tax. but if a deal is made or no deal is made, that's going to have to change and at some point, employers will have to change their federal income tax withholding amount. i mentioned with the alternative minute 34u78 tax, that will -- minimum tax, that will complicate the season. i think the i.r.s. has said as many as 70 million tax filers could be subject to delays if the a.m.t. is not patched for 2012. host: antonio in nashville, tennessee. you're on the "washington journal." go ahead
rosen berg, with the fiscal cliff blooming, do you believe the i.r.s. will be able to calibrate their system at this late of a date and would the debt ceiling debate blooming, could that delay federal refunds? thank you. guest: yes. the question about the i.r.s. is a good one and it is an important one. so it almost is certainly bound to complicate the filing season. i think already the i.r.s. has said that they are -- they have not released updated withholding tables for winner to. -- 2013....
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Dec 27, 2012
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its disheartening. >> it should not be the biggest story but it is, the fiscal cliff, the debt ceiling. rick newman, good to see you. >> thanks for having me. >> a fox news weather alert. the massive winter storm that slammed the south moving through the northeast. officials say it's left hundreds of thousands without power and killed more than a dozen people. the blizzard brought record snowfall to arkansas, then blasted the midsection before heading into new england. snowfall ranging from an inch to at least a foot in some spots. the situation causing airport delays and dangerous conditions on the road. listen. >> i lost count of the number of cars i've seen in the ditch. i saw jackknifed tractor-trailer, horse trailer turned over. >> i've seen ten cars in an accident. i saw a lexus fly into a ditch. >> i wish people would slow down. it's pretty slick. >> according to reports an american airlines jet in pittsburgh got stranded in snow on the tarmac and a southwest plane was stuck in the mud after heavy rain. it's not clear if the weather was to blame but the storm is not over. northe
its disheartening. >> it should not be the biggest story but it is, the fiscal cliff, the debt ceiling. rick newman, good to see you. >> thanks for having me. >> a fox news weather alert. the massive winter storm that slammed the south moving through the northeast. officials say it's left hundreds of thousands without power and killed more than a dozen people. the blizzard brought record snowfall to arkansas, then blasted the midsection before heading into new england....
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Dec 21, 2012
12/12
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and we could repeat this whole fiscal cliff scenario and what is interesting we know we are on warning for a debt downgrade. we have to be careful of the type of deal we make. the holidays are about optimism and hope but this year the holidays are about anxiety and concern. i'm not sure if even captain neil cavuto can save us at this point. crazy. of course he can. you went off the rails. >>neil: that guarantees you are not coming back. >>neil: i look at this and i wonder, melissa, facing the brink or faced with certain financial death they cannot get off their behind. i am looking at big issues they promise to bring forward next year, it will not happen. >>guest: i trust them to do nothing. can you imagine if we ran our households like this, or we went to work like this you leave all of your work undone and you go home for the holiday, sorry, i didn't finish my show or my work but i will head out because it is almost christmas. can you imagine if you spent $2 for every dollar you brought in? it is crazy. crazy. >>neil: only in washington. only in washington. thank you all. melissa wil
and we could repeat this whole fiscal cliff scenario and what is interesting we know we are on warning for a debt downgrade. we have to be careful of the type of deal we make. the holidays are about optimism and hope but this year the holidays are about anxiety and concern. i'm not sure if even captain neil cavuto can save us at this point. crazy. of course he can. you went off the rails. >>neil: that guarantees you are not coming back. >>neil: i look at this and i wonder, melissa,...
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Dec 12, 2012
12/12
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as you know, the senate currently engaged in a high-stakes chess game over the fiscal cliff. one of the pieces they're moving around the board is the debt ceiling. president obama recently said that he, the president, should have the authority to raise the debt ceiling not the congress. they use it as a bargaining chip. that's not rye. senate minority leader mitch mcconnell knows what that means >> the president of the united states, now he's asking for an unlimited -- unlimited -- authority to borrow whenever he wants to for whatever amount he wants to? >> jon: (musming) all right. so the senator clearly doesn't know what the debt ceiling means. the debt ceiling is a control imposed on the treasury department by congress in order to, you know, is there just some well informed and respected authority that can explain what the debt ceiling is >> it gives the government permission to pay back the money we already borrowed >> jon: totally right. i didn't understand it because he was talking too fast but i think he's [bleep] right. and i like that lady too. i don't know her. even
as you know, the senate currently engaged in a high-stakes chess game over the fiscal cliff. one of the pieces they're moving around the board is the debt ceiling. president obama recently said that he, the president, should have the authority to raise the debt ceiling not the congress. they use it as a bargaining chip. that's not rye. senate minority leader mitch mcconnell knows what that means >> the president of the united states, now he's asking for an unlimited -- unlimited --...
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Dec 27, 2012
12/12
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cliff, debt, crime, john stossel does not see that, are you going to break out into it's a wonderful world. it is a wonderful world. and you're right, it's terrible with the parasite lawyers and. stuart: parasite lawyers, excellent. >> in spite of that, people work around the politicians and life, i consider it my duty this time of year to step back and say, is life really getting better? it is and it has. louis the 14th have 498 people cooking for him and we eat better than he does because we have free markets and they give us facebook even if zuckerberg's sister is ticked off. stuart: so you want to look beneath the very nea veneer andt over a period of time our lives are getting better, materially better, is that the point? >> yes, and we're living longer and healthier. 7 billion people on earth and for the first time, only maybe a billion are near starvation, that sounds awful, but it's better than it's ever been before. it's the suffering that's-- stuart: i'm going to say later on the program and do my take, sort of editorial to say that the national mood is not optimistic, it's
cliff, debt, crime, john stossel does not see that, are you going to break out into it's a wonderful world. it is a wonderful world. and you're right, it's terrible with the parasite lawyers and. stuart: parasite lawyers, excellent. >> in spite of that, people work around the politicians and life, i consider it my duty this time of year to step back and say, is life really getting better? it is and it has. louis the 14th have 498 people cooking for him and we eat better than he does...
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Dec 30, 2012
12/12
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cliff. he said he is moderately optimistic that a deal could be done by december 31. congressional leaders are working on crafting a bill. certainly no grand bargain here that would improve entitlements. if they can't get a deal, the president has told harry reid to put the white house proposals up for an up or down vote. the details just keep on coming out. with us now are two guests. first, we are going to go rich edson. he is here with the very latest. tell us what you made of the president's comments. he was very direct. reporter: he was. d now he passes on to the senate. senate majory leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a
cliff. he said he is moderately optimistic that a deal could be done by december 31. congressional leaders are working on crafting a bill. certainly no grand bargain here that would improve entitlements. if they can't get a deal, the president has told harry reid to put the white house proposals up for an up or down vote. the details just keep on coming out. with us now are two guests. first, we are going to go rich edson. he is here with the very latest. tell us what you made of the...
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Dec 12, 2012
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they don't think the fiscal cliff is actually the marker of that. they think the debt ceiling is. that's made simply the ability to come to whatever deal they are going to eventually come to in the next couple of weeks as opposed to the next two or three months, a lot weaker. >> there are plenty of republicans concerned, particularly the economist side that these negotiations have huge ramifications for the american economy, as well, and global ramifications. the markets will respond badly if we go over the fiscal cliff. foreign investors will respond badly if america goes over the fiscal cliff at the end of this year. there's a sense, i'm hearing, increasing pessimism among republicans that say we can't afford to have these kinds of talks, even the stalling process doesn't look good for the country. >> there's other incentives that are bringing both republicans, especially the white house, to the table with respect to the fiscal cliff. we did reporting on this. >> your bosom buddy. >> yeah, but there's stimulus the white house wants as a result of the fiscal cliff deal. they don'
they don't think the fiscal cliff is actually the marker of that. they think the debt ceiling is. that's made simply the ability to come to whatever deal they are going to eventually come to in the next couple of weeks as opposed to the next two or three months, a lot weaker. >> there are plenty of republicans concerned, particularly the economist side that these negotiations have huge ramifications for the american economy, as well, and global ramifications. the markets will respond...
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Dec 27, 2012
12/12
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adam: with all the talk about the fiscal cliff and debt ceiling people are feeling the pinch. money is tight. budgets are even tighter. one company is banking on the odds you will want to save money with your car insurance. this new device. it can make it possible to cut your auto insurance by up to 25%. all because you get charged by the number of miles you drive. we have the ceo of metro miles joins me now to explain how this works. and how does it work? how can you beat geico and progressive and all the others? how does this thing do it? >> well, the device is called the metro no, ma'am. and it alas us to track -- allows us to track the number of people drive. what we've seen in the u.s. is a change the way we're using our cars. and there is a big divide growing between high mileage drivers and low-mileage drivers. for example --. adam: what is the average per year. used to be 12,000. are we still putting 12,000 on the car? >> used to be 12,000. for the average person under 35 years old, they drive 3,000 miles less than they did 10 years ago. they're driving about 8,000 mil
adam: with all the talk about the fiscal cliff and debt ceiling people are feeling the pinch. money is tight. budgets are even tighter. one company is banking on the odds you will want to save money with your car insurance. this new device. it can make it possible to cut your auto insurance by up to 25%. all because you get charged by the number of miles you drive. we have the ceo of metro miles joins me now to explain how this works. and how does it work? how can you beat geico and progressive...
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Dec 7, 2012
12/12
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. >> an added wrinkle to the fiscal cliff talks is the debt ceiling, with the government on pace to reach its borrowing limit early next year. the white house stated its position on the 14th amendment, which some theory rise is a way for the president to raise the debt limit independently, should republicans attempt to use it as a negotiating tool. >> i can say that this administration does not believe that the 14th amendment gives the president the power to ignore the debt ceiling, period. >> the fiscal cliff talks reached a new low yesterday when, somehow, the new york jets got dragged into it on the senate floor. >> it's not one of my favorite teams, but it's really, really fun to watch, and that's the new york jets. coach ryan, he's got a problem. he has three quarterbacks, sanchez, he's got tim tebow, he's got another guy. he can't decide who their quarterback is going to be. that's the same problem republicans are having. romney's gone, but he's still in the background. we have mcconnell and we have boehner. who is the quarterback, mr. president? who is the quarterback? >> there's s
. >> an added wrinkle to the fiscal cliff talks is the debt ceiling, with the government on pace to reach its borrowing limit early next year. the white house stated its position on the 14th amendment, which some theory rise is a way for the president to raise the debt limit independently, should republicans attempt to use it as a negotiating tool. >> i can say that this administration does not believe that the 14th amendment gives the president the power to ignore the debt ceiling,...
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Dec 6, 2012
12/12
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FOXNEWS
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we have been talking about the fiscal cliff now for months. we had a budget melt down a year and a half ago when the debt ceiling debate came. we talked about many times the uncertainty that faces manufacturers. you can't make investment decisions on long-term capital expenses for that will be paid off over years if you don't know what the government is going to be taken from you from taxes or higher energy costs. manufacturers are really trying to figure out what is next? what is on the horizon. they need certainty and they need positive certainty that whatever happens on the fiscal cliff is not going to impact them in a very negative way. >> what if it is a bad deal though? we talked about one disproportionately skewed in higher taxes. sometimes i think and i could be out to lunch on this that a bad deal would be worse than a no deal. >> see, i tend to agree with you. when you talk about certainty there is also as you just pointed out bad certainty. you don't want to have that. and when some folks in washington are talking about raising indi
we have been talking about the fiscal cliff now for months. we had a budget melt down a year and a half ago when the debt ceiling debate came. we talked about many times the uncertainty that faces manufacturers. you can't make investment decisions on long-term capital expenses for that will be paid off over years if you don't know what the government is going to be taken from you from taxes or higher energy costs. manufacturers are really trying to figure out what is next? what is on the...
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Nov 8, 2012
11/12
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if we combine the fiscal cliff and another debt ceiling, it will be an economic storm unlike anything we saw in 2008 when lehman fell. but the reason there is this question of going off the fiscal cliff, it's not about whether or not it benefits one side or the other per se, but whether anybody can actually cut a deal if we don't. can boehner get house republicans to sign onto tax increases before he's shown they did everything he could, gone off the cliff, and just not winning the public opinion battle? a lot of the way these negotiations have done has been a process of boehner showing his party, showing his side he did everything he absolutely could, and it's not clear the internal dynamics of the house republican conference have changed enough for boehner to solve this is a smooth or quicker fashion this time either? >> as president clinton said when he was campaigning for the president, it's all about simple arithmetic here. the country needs to make more money and spend less. are we going to see something dramatic, something bold happen? the constitution says we're supposeded to
if we combine the fiscal cliff and another debt ceiling, it will be an economic storm unlike anything we saw in 2008 when lehman fell. but the reason there is this question of going off the fiscal cliff, it's not about whether or not it benefits one side or the other per se, but whether anybody can actually cut a deal if we don't. can boehner get house republicans to sign onto tax increases before he's shown they did everything he could, gone off the cliff, and just not winning the public...
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Dec 31, 2012
12/12
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FOXNEWSW
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which potentially negotiate on fiscal cliff number two, the debt ceiling battle. and throw in dealing with the sequester as well. we're waiting to hear what the details of that, because we don't know. on the taxes, just on the taxes, as they are structured now, if you look at the tax deal, comparing it to what the re-knew you would get over ten years, it's roughly $600 billion that they get revenue coming in from the tax deal they are striking with the framework tonight. hurricane sandy recovery billion is $60.4 billion. it's about the same annually. >> preclintonnian tax and spend democratic philosophy. you take in $60 billion a year from the rich. and it's simply you spend half of that on unemployment insurance. the rest of is it spent on all the credits, tax credits which are going to be undone. which will be retaped. if a cliff is avoided and the deal was accepted. you take the money and you spend money. this would increase the debt and deficit. republicans have one choice in the house. i don't know if boehner is able to do it. we'll go over the cliff of midni
which potentially negotiate on fiscal cliff number two, the debt ceiling battle. and throw in dealing with the sequester as well. we're waiting to hear what the details of that, because we don't know. on the taxes, just on the taxes, as they are structured now, if you look at the tax deal, comparing it to what the re-knew you would get over ten years, it's roughly $600 billion that they get revenue coming in from the tax deal they are striking with the framework tonight. hurricane sandy...
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into the so-called fiscal cliff president barack obama spoke with the senate majority leader harry reid about the need for bipartisanship in a news conference today the speaker hinted that republicans are willing to rethink how they negotiate with the president moving forward. >> we are ready to be led, not as democrats or republicans but as americans. we want you to lead not is a liberal or conservative but as president of the united states of america. >> the speaker says he is not suggesting that republicans compromise on their principles but he says they need to create a common ground. harry reid meanwhile help his own news conference today saying both parties will have to work together to tackle the deficit but added last night the american people send a clear message to congress that people making all this money have to contribute a little bit more. >> $6 billion on the entire election and not much change the balance of power remains the same in congress, democrats will pick up a few seats but not nearly enough to overtake the strong republican holds into they strengthen their adva
into the so-called fiscal cliff president barack obama spoke with the senate majority leader harry reid about the need for bipartisanship in a news conference today the speaker hinted that republicans are willing to rethink how they negotiate with the president moving forward. >> we are ready to be led, not as democrats or republicans but as americans. we want you to lead not is a liberal or conservative but as president of the united states of america. >> the speaker says he is not...
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Nov 16, 2012
11/12
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CNBC
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the fiscal cliff, long-term debt. the folks that we advise are trying to take control of their personal economy and they're hoping the leaders in washington provide more certainty going forward so that the national economy is on better footing. >> you have a very interesting survey. we didn't really get to it about discussions between parents and adult children, about retirement, estate planning and financial security. we'll hopefully cover that at another time but one of the things that's involved in this whole fiscal cliff is big changes in estate tax laws. i'm sure that's one of the reasons you would encourage people to have conversations in the family setting about those issues. kathleen murphy, thank you. >>> coming up next, tyler -- twinkies and "twilight." julia boorstin and kayla tausche, what's coming up? >> well, timen, twinkie's parent company, hostess, has made an announcement that will make america think of our collective childhood. that sugar rush is about to wear off forever. >>> plus, huge numbers for
the fiscal cliff, long-term debt. the folks that we advise are trying to take control of their personal economy and they're hoping the leaders in washington provide more certainty going forward so that the national economy is on better footing. >> you have a very interesting survey. we didn't really get to it about discussions between parents and adult children, about retirement, estate planning and financial security. we'll hopefully cover that at another time but one of the things...
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Nov 27, 2012
11/12
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FBC
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we see the companies trying to get out before the fiscal cliff, everybody continues o worry, and today we heard from harry reid. really there's no bipartisan meetings here that are going well. david: okay, actually, you can see three dips there, and the most recent is the one we're if right now. >> reporter: yes. david: people are talking bad about what's happening with these talks. green mountain earnings coming out in a little while, one of those stocks that has been decimated by short sellers. >> reporter: right. and green mountain is very heavily shorted, right? that's something we should note.
we see the companies trying to get out before the fiscal cliff, everybody continues o worry, and today we heard from harry reid. really there's no bipartisan meetings here that are going well. david: okay, actually, you can see three dips there, and the most recent is the one we're if right now. >> reporter: yes. david: people are talking bad about what's happening with these talks. green mountain earnings coming out in a little while, one of those stocks that has been decimated by short...
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Dec 10, 2012
12/12
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cliff or for debt ceiling, do you believe the will also raise taxes on middle class. 60% percent of americans understand that once the politicians get the bloodlust out there, once they smell the blood in the water, once they raise taxes on the few, they go after the many. melissa: oh, i absolutely believe that's right but i think that the point is the republicans are losing momentum on the side of not raising taxes. that it is starting to feel more and more like there must be some concession, there must be some caving to get through the fiscal cliff. when you look at senators who have said they're going back on the pledge, lindsey graham, bob corker, tom coburn, lamar alexander, eric cantor, what do you do at this point to keep the fight going? or do you think that it is necessary to concede a little bit of ground? >> well, two things. the senators, the republican senators to a certain extent don't matter because the democratic senate can pass a tax increase if they want the senaaors you mentioned would only vote for a tax increase if they got massive permanent entitlement reforms
cliff or for debt ceiling, do you believe the will also raise taxes on middle class. 60% percent of americans understand that once the politicians get the bloodlust out there, once they smell the blood in the water, once they raise taxes on the few, they go after the many. melissa: oh, i absolutely believe that's right but i think that the point is the republicans are losing momentum on the side of not raising taxes. that it is starting to feel more and more like there must be some concession,...
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Dec 11, 2012
12/12
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earnings will be very much held captive by the fact that the uncertainty not only about the fiscal cliff but debt ceiling. >> very quickly, john, we're lose altitude in this market rapidly. what do you make of this, and what are you expecting to close here? >> just shows you how fragile our markets r.one comment out of washington can take profits off the table intraday. we'll hold on to our gains here. >> thanks, everybody. we appreciate it. where exactly do we stand in these fiscal cliff negotiations in the latest now from our john harwood, on your stomping ground. good to see you both. what do you make of this comment from harry redd, john, saying it's unlikely we get a deal by christmas? are they posturing? they don't want to put their spending cuts on the table but want the republicans to. is this posturing? >> i think it's posturing. jay carney gave a white house briefing saying i'm not going to reveal anything about the status of the talks in negotiation beyond the fact that they took place. the support trying to hammer republicans publicly. he's got the high side public opinion on
earnings will be very much held captive by the fact that the uncertainty not only about the fiscal cliff but debt ceiling. >> very quickly, john, we're lose altitude in this market rapidly. what do you make of this, and what are you expecting to close here? >> just shows you how fragile our markets r.one comment out of washington can take profits off the table intraday. we'll hold on to our gains here. >> thanks, everybody. we appreciate it. where exactly do we stand in these...